“The military is a key application segment of the global wearable
security devices market in terms of revenue. Several countries such
as the US and the UK have adopted smart clothing for military
applications, which are designed to provide both comfort and protection”

This research report titled ‘Global
Wearable Security Devices Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

Technavio analysts forecast the global wearable security devices
market size to reach USD 5.74 billion by 2021. The increased adoption of Internet
of Things (IoT) to manage the physical assets of an
organization is one of the key drivers of the market.

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Based on application, the report categorizes wearable security devices
into the following segments:

Military

Emergency services

Tracking

Biometric recognition

The top three revenue-generating application segments in the global
wearable security devices market are discussed below:

Military

“The military is a key application segment of the global wearable
security devices market in terms of revenue. Several countries such
as the US and the UK have adopted smart clothing for military
applications, which are designed to provide both comfort and protection,”
says Abhishek Sharma, one of the lead analysts at Technavio for M2M
and connected devices research.

This segment is also creating a demand for smart clothing designs, which
can provide protection from hazards such as viruses and chemical
weaponry. Agencies such as NASA, the Canadian Space Agency,
and other military organizations seek the expertise of vendors like Hexoskin
to design and manufacture smart shirts for health tracking.

Emergency services

The emergency services constitute the second largest application segment
of the wearable security devices market. This segment has wearable
devices, which can assist the elderly and differently abled people
in carrying out routine tasks safely and effectively. They are also
equipped with emergency contacts of first responders and alert them in
the case of any shift in patterns recorded by the sensors. Additionally,
wearable devices are being increasingly used to respond to emergency
situations such as natural or human-made disasters and personal attacks.

Tracking

“An increase in health awareness among people is reflected in the
rapid growth in demand for hygienic and nutritious food, gym
memberships, and diet programs. To keep track of all their activities
throughout the day, the demand for fitness tracking devices
have also increased,” says Abhishek.

Individuals are adopting various fitness tracking devices such as
fitness bands and sports equipment to track and control their health to
reduce the risk of diseases. Smart
wearable fitness devices monitor the fitness of individuals and
measuring and eventually improving the performance of players and
athletes. Additionally, the availability of low-cost tracking services
is resulting in increased sales of these devices, resulting in high
market growth.

The top vendors highlighted by Technavio’s research analysts in this
report are:

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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